There’s no denying the housing market is undergoing a shift this season, but that shift actually gives you some unique benefits when you sell. Here’s a look at the key opportunities you have if you list your house this fall.
1. More Options for Your Move
One of the biggest stories today is the growing supply of homes for sale. Housing inventory has been growing since the start of the year.
If you’re selling your house to make a move, this is great news for you. It means you’ll have more options for your own home search. That gives you an even better chance to find a home that checks all your boxes.
2. The Number of Homes on the Market Is Still Low
Just remember, while the latest data shows the number of homes for sale has increased, housing supply is still firmly in sellers’ market territory. To be in a balanced market, there would normally be a six months’ supply of homes.
According to the National Association of Realtors (NAR), in July, there was only a 3.3 months’ supply.
While you’ll have more options for your own home search, inventory is still low, and that means your home will still be in demand if you price it right.
3. Home Prices Are Appreciating
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